Salesforce.com Inc. stock falls Monday, underperforms market

Salesforce.com Inc. stock falls Monday, underperforms market

Shares of Salesforce.com Inc. CRM, -2.63% shed 2.85% to $223.76 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, -0.93% rising 0.27% to 4,192.66 and the Dow Jones Industrial Average DJIA, -0.60% rising 0.70% to 34,113.23. This was the stock’s third consecutive day of losses. Salesforce.com Inc. closed $60.74 below its 52-week high ($284.50), which the company achieved on September 2nd.

The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -1.20% fell 0.13% to $251.86, Adobe Inc. ADBE, -2.22% fell 0.96% to $503.46, and SAP SE ADR SAP, -2.97% rose 0.77% to $141.02. Trading volume (5.8 M) remained 780,288 below its 50-day average volume of 6.6 M.

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